SLO Credit Union (EIN 956062634) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1953

Legal Domicile

Principal Officer

Donna Severs

Phone

8055435839

Tax Period

2023-01-01 to 2023-12-31

SLO Credit Union, founded in 1953, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Net assets of $4.2M represent 43 months of operating reserves.

Mission

Non-profit, State-Chartered, Natural Person Credit Union. Provide competitive financial services to the members of SLO Credit Union.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $925,214

Investment Income $302,565

Other Revenue $-44,384

TOTAL REVENUE $1,183,395

Expense Breakdown

Grants Paid $0

Salaries & Benefits $481,167

Fundraising Expenses $0

Other Expenses $452,458

TOTAL EXPENSES $1,165,704

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,183,395	$990,671	+0.2%
Expenses	$1,165,704	$865,350	+0.3%
Net Income	$17,691	$125,321	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$221,083

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Donna Severs	CEO	40.00	Officer	$130,000	$0	$130,000
Dane Smith	CFO	40.00	Officer	$91,083	$0	$91,083
Ora Sue Fellows	Board Member	1.00	Director	$0	$0	$0
Caryn Maddalena	Board Member	1.00	Director	$0	$0	$0
Ann Hall	Chairperson	1.00	Director	$0	$0	$0
James Gater	Vice Chair Pers	1.00	Director	$0	$0	$0
Matt Janssen	Board Member	1.00	Director	$0	$0	$0
Steve Senet	Secretary/Treas	1.00	Director	$0	$0	$0
Carl Nelson	Board Member	1.00	Director	$0	$0	$0
Ken Finney	SC Chairman	1.00	Director	$0	$0	$0
Duane Leib	SC Member	1.00	Director	$0	$0	$0
Vince Morici	SC Member	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$1,183,395	$1,165,704	$35,135,863	$17,691
2022	$990,671	$865,350	$37,323,013	$125,321
2021	$797,995	$777,531	$39,493,314	$20,464
2020	$829,615	$887,546	$36,602,392	$-57,931
2019	$858,999	$859,279	$32,556,628	$-280
2018	$805,042	$847,683	$32,167,602	$-42,641

SLO Credit Union